Detailed Analysis of Ireland Import and Export Trade 2023

Ireland also known as Emerald Isle located on the northern coast of the Atlantic Ocean is the second largest island of the European Union. The population of 4.9 million and its strategic location between Europe and North America and the abundance of natural resources in its land area make this trade destination a major attraction for foreign investors. The tremendous development of the medical and healthcare sectors and the other industries including textile, construction, and agricultural industries make the country record an export trade value of 28th largest exporter globally. The global pandemic COVID-19 has caused some disruptions in the growing trade rank but the continuous efforts from the government authorities have maintained the sturdy positive outgrowth.

The effective engagement of different government initiatives for tariff reduction and exclusion of extra taxes during the transportation of required commodities overseas have stabilized economic growth. The strategic pricing strategies of the trade management authorities have attracted different foreign trade investors which have led to a total import trade value of 110 billion U.S. dollars in 2023. Beyond the import trade market, the export revenue of the nation because of the efficient productivity of different industrial sectors accounting for the GDP has recorded an export trade value of 165 billion U.S. dollars in 2023.

TOP TEN IMPORTED PRODUCTS OF IRELAND IN 2023

The continuous growth in the consumer rate because of the increasing population and other attributing factors have indulged the country import a wide amount of necessities for the fulfillment of domestic acquirements. According to the Ireland Import Data, the top 10 imported products of the nation in 2023 are,

1. Pharmaceuticals – Valuation of Pharmaceuticals imported in Ireland 2023 – 68 billion US dollars.

2. Refined petroleum – Valuation of Refined petroleum import in Ireland 2023 – 43 billion US dollars.

3. Cars – Valuation of Cars imported in Ireland 2023 – 35 billion US dollars.

4. Crude petroleum – Valuation of Crude petroleum import in Ireland 2023 – 28 billion US dollars.

5. Packaged medicaments – Valuation of Packaged medicaments imported in Ireland 2023 –18  billion US dollars.

6. Vaccines and Medications– Valuation of Vaccines and Medications imported in Ireland 2023 – 12 billion US dollars.

7. Gold– Valuation of Gold import in Ireland 2023 – 10 billion US dollars.

8. Coffee– Valuation of Coffee import in Ireland 2023 – 8 billion US dollars.

9. Refined copper – Valuation of Refined copper import in Ireland 2023 – 6 billion US dollars.

10. Plastic articles – Valuation of Plastic articles imported in Ireland 2023 – 5 billion US dollars.

TOP TEN IMPORT TRADE PARTNERS OF IRELAND IN 2023

The steadily growing import trade market of the nation and the increasing consumer rate has attracted different foreign investors which have resulted in suitable annual import trade revenue. According to the Ireland Customs Data, the top ten import trade partners of the nation in 2023 are,

1. United Kingdom – Valuation of import from the United Kingdom to Ireland in 2023- 62 billion U.S. dollars.

2. United States – Valuation of import from the United States to Ireland in 2023- 54 billion U.S. dollars.

3. Germany – Valuation of imports from Germany to Ireland in 2023- 38 billion U.S. dollars.

4. China – Valuation of imports from China to Ireland in 2023- 30 billion U.S. dollars.

5. France – Valuation of imports from France to Ireland in 2023- 26 billion U.S. dollars.

6. Denmark – Valuation of imports from Denmark to Ireland in 2023- 24 billion U.S. dollars.

7. Netherlands – Valuation of import from Netherlands to Ireland in 2023- 18 billion U.S. dollars.

8. Belgium – Valuation of import from Belgium to Ireland in 2023- 15 billion U.S. dollars.

9. Spain – Valuation of imports from Spain to Ireland in 2023- 12 billion U.S. dollars.

10. Italy – Valuation of import from Italy to Ireland in 2023- 10 billion U.S. dollars.

TOP TEN EXPORTED GOODS OF IRELAND IN 2023

The increasing productivity of the industrial sectors of Ireland and the cutting-edge technologies used in the tech equipment products for a suitable production of the globally acquired necessities fosters the export trade growth. According to the Ireland Export Data the top 10 exported goods of the nation in 2023 are,

1. Pharmaceuticals – Export trade value of Pharmaceuticals exported from Ireland in 2023- 80 billion U.S. dollars.

2. Machinery and equipment – Export trade value of Machinery and equipment exported from Ireland in 2023- 45 billion U.S. dollars.

3. Organic chemicals – Export trade value of Organic chemicals exported from Ireland in 2023- 32 billion U.S. dollars.

4. Medical devices – Export trade value of Medical devices  exported from Ireland in 2023- 28 billion U.S. dollars.

5. Dairy products – Export trade value of Dairy products exported from Ireland in 2023- 22 billion U.S. dollars.

6. Electrical machinery – Export trade value of Electrical machinery export from Ireland in 2023- 18 billion U.S. dollars.

7. Prepared foods  – Export trade value of Prepared foods  exported from Ireland in 2023- 15 billion U.S. dollars.

8. Beverages – Export trade value of Beverages  exported from Ireland in 2023- 12 billion U.S. dollars.

9. Plastics – Export trade value of Plastics  exported from Ireland in 2023- 10 billion U.S. dollars.

10. Iron and steel – Export trade value of Iron and steel export from Ireland in 2023- 9 billion U.S. dollars.

TOP TEN EXPORT TRADE PARTNERS OF IRELAND IN 2023

The continuously growing production of the industrial sectors and the competitive pricing strategies induced by the trade management authorities have led to a tremendous rate of export from the nation. According to the Ireland export data, the top ten export trade partners of the nation in 2023 are,

1. United States – Valuation of export from Ireland to the United States in 2023- 75 billion U.S. dollars.

2. United Kingdom – Valuation of export from Ireland to the United Kingdom in 2023- 62 billion U.S. dollars.

3. Germany  – Valuation of export from Ireland to Germany  in 2023- 58 billion U.S. dollars.

4. Belgium – Valuation of export from Ireland to Belgium  in 2023- 50 billion U.S. dollars.

5. France – Valuation of export from Ireland to France  in 2023- 45 billion U.S. dollars.

6. Netherlands – Valuation of export from Ireland to the Netherlands  in 2023- 38 billion U.S. dollars.

7. China – Valuation of export from Ireland to China  in 2023- 24 billion U.S. dollars.

8. Switzerland – Valuation of export from Ireland to Switzerland  in 2023- 20 billion U.S. dollars.

9. Spain – Valuation of export from Ireland to Spain  in 2023- 15 billion U.S. dollars.

10. Canada – Valuation of export from Ireland to Canada in 2023- 10 billion U.S. dollars.

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